Looking big picture again.
1. I love xrp, it was my first crypto that I bought. And I bought i blindly, and I lost like 15%. Ouch.. But I still love it. I just bought at a bad time.
2. I really believe that not only have we bottomed, but that we severely underestimate the size of some of these patterns.
3. My strategy is described on the chart. I am waiting for a major oversell against the BTC before I purchase. After we break the red ascending line the sky will be the limit. This is the point at which I believe institutional investors and banks will begin to standardize the worth of xrp before we consolidate or bubble again.
Fundamentally, unless XRP gets thrown away for use of other coins on ripple's network (which is a genuine concern I think), I believe that xrp could be worth as much as it costs to divide the worlds fiat money across the total supply of xrp. Only if it gets globally adopted of course, and that would take years and years and years. But there is money to be made in the short term if we see a new bull run start after breaching the red line, imo.
This is not trading advice, just my own strategy for when to buy xrp.
1. I love xrp, it was my first crypto that I bought. And I bought i blindly, and I lost like 15%. Ouch.. But I still love it. I just bought at a bad time.
2. I really believe that not only have we bottomed, but that we severely underestimate the size of some of these patterns.
3. My strategy is described on the chart. I am waiting for a major oversell against the BTC before I purchase. After we break the red ascending line the sky will be the limit. This is the point at which I believe institutional investors and banks will begin to standardize the worth of xrp before we consolidate or bubble again.
Fundamentally, unless XRP gets thrown away for use of other coins on ripple's network (which is a genuine concern I think), I believe that xrp could be worth as much as it costs to divide the worlds fiat money across the total supply of xrp. Only if it gets globally adopted of course, and that would take years and years and years. But there is money to be made in the short term if we see a new bull run start after breaching the red line, imo.
This is not trading advice, just my own strategy for when to buy xrp.